State award will more than double the number of wind turbines planned for South Shore newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.
OPEC Predicts A Rebound In U.S. Shale By Tom Kool - Jan 15, 2021, 2:00 PM CST
Oil prices fell back on Friday morning as demand fears grow, but OPEC has predicted an increase in U.S. shale production at current price levels.
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Friday, January 15th, 2021
Oil prices fell back on Friday over demand concerns. News that China has reported its highest Covid-19 case count in months weighed on market sentiment.
OPEC sees shale rebounding. OPEC admitted that an improved outlook for crude oil prices could result in higher U.S. shale production. OPEC upgraded its forecast for U.S. oil production, expecting an increase of 370,000 bpd, up from a previous forecast of 71,000 bpd.
Friday, 15 January 2021 New York Gov. Andrew Cuomo made his annual State of the State address recently and announced that in 2021, “New York will continue to build out its nation-leading green economic recovery and accelerate renewable energy development programs. The state will contract with Equinor Wind . for the development of two new offshore wind farms more than 20 miles off the shore of Long Island, in what is the largest procurement of renewable energy by a state in U.S. history. Courtesy of Equinor
Upon completion, the two offshore wind farms will yield a combined 2,490 megawatts of carbon-free energy, bring another $8.9 billion in investment, and create more than 5,200 jobs.
By Reuters Staff
2 Min Read
OSLO (Reuters) - Norwegian energy major Equinor clinched a contract to supply offshore wind energy to New York state from two projects it is developing off Long Island, state and company officials said on Wednesday.
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The agreement represented the largest single procurement of renewable energy by a U.S. state so far, according to a statement from New York Governor Andrew Cuomo’s office.
As part of the deal, Equinor will invest an undisclosed sum to help upgrade two ports, the Port of Albany and South Brooklyn Marine Terminal, to support the expected boom in the nascent U.S. industry.